Moody’s changes outlook for global aviation industry to positive

Moody’s Investors Service says leisure traffic will lead the charge to the boarding gates, while corporate trips and international long-haul will follow, initially at slower paces.

KUALA LUMPUR: Moody’s Investors Service has changed the outlook for the global airline industry to positive from negative as it expects widespread travel to pick up in the second half of this year and accelerate through next year.

“We expect this positive demand trend to run for many quarters, into 2023, ” it said on Tuesday, pointing out to rising Covid-19 vaccinations will spur a demand in leisure traffic.